For more than a decade, the Explaining History Podcast has helped listeners around the world make sense of modern history. What began in 2012 as a simple experiment—short, accessible episodes explaining major historical events—has grown into a long-running library of carefully researched, thoughtful explorations of the 20th and 21st centuries.

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Fascism, Austerity, and the Class War in 1920s Italy Explaining History

Episode Summary:In this episode of Explaining History, Nick explores the neglected connection between economic austerity and political repression in the early years of Fascist Italy.Drawing on the groundbreaking work of economist Clara Mattei, we delve into how Mussolini's regime used budget cuts, regressive taxation, and mass layoffs not just to balance the books, but to crush the Italian working class. We examine the "Two Red Years" (Biennio Rosso) that terrified the bourgeoisie and how Fascism was welcomed by liberal elites as a necessary tool to restore order and protect private capital.From the hiking of third-class rail fares to the slashing of veteran benefits, we unpack how economic policy was weaponized to reverse the democratic gains of the post-WWI era. Was austerity the true engine of the Fascist counter-revolution?Key Topics:Austerity as Repression: How economic policy was used to discipline the working class.The Liberal-Fascist Alliance: Why mainstream economists supported Mussolini.The Biennio Rosso: The socialist uprising that terrified Italy’s elites.The Motto "Nothing for Nothing": De Stefani’s ruthless approach to public spending.Resources:"Austerity and Repressive Politics: Italian Economists and the Early Years of the Fascist Government" by Clara Mattei (Institute of Economics, Scuola Superiore Sant'Anna)Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.▸ Support the Show & Get Exclusive ContentBecome a Patron: patreon.com/explaininghistory▸ Join the Community & Continue the ConversationFacebook Group: facebook.com/groups/ExplainingHistoryPodcastSubstack: theexplaininghistorypodcast.substack.com▸ Read Articles & Go DeeperWebsite: explaininghistory.org Hosted on Acast. See acast.com/privacy for more information.
  1. Fascism, Austerity, and the Class War in 1920s Italy
  2. Beyond the Campus: Why the American New Left Failed to Ignite a Working-Class Revolution
  3. Rationing, austerity and nostalgia
  4. Bowie in the 90s and 2000s
  • Liverpool has always been a city apart. Perched on the edge of the Irish Sea, looking out towards America and the wider world, it has often felt less like a provincial English city and more like a maritime city-state. In this week’s podcast, I sat down with David Swift to discuss his new book, A Scouse Republic. We explored the deep roots of Liverpool’s unique identity—an identity that is fierce, political, and distinct from the rest of the UK.

  • Before the Algorithm: How the Book Society Taught Britain What to Read

    In an age of Amazon recommendations and #BookTok, it is hard to imagine a time when discovering a new book was a curated, communal experience guided by a panel of experts. Yet, for much of the mid-20th century, that is exactly what the Book Society provided for thousands of readers across Britain and its empire.

  • 1908: The Young Turk Revolution

    When we think of the revolutions that shaped the 20th century, our minds naturally drift to 1917. The collapse of the Romanov dynasty and the rise of the Bolsheviks is the central drama of modern history. However, almost a decade earlier, another great empire underwent a convulsion that was just as significant for the future of the Middle East and Europe.

  • Title: The Suicide of the Republic: Reynaud, Pétain, and the Politics of the Armistice

    The collapse of the Third Republic in June 1940 was a political decision, not just a military outcome. Divided between “Resisters” led by Paul Reynaud, who wished to continue the war from North Africa, and “Armistice” advocates led by Marshal Pétain, the government ultimately chose to seek terms with Germany. This choice was driven by a military leadership that feared internal social disorder more than occupation and a conservative elite who viewed the defeat as an opportunity for an authoritarian “National Revolution.” The resignation of Reynaud and the National Assembly’s vote to grant Pétain full powers marked the legal end…

  • The Intelligence Trap: Cognitive Dissonance and the Ardennes Blind Spot

    The German breakthrough in the Ardennes in May 1940 was not a result of a lack of intelligence, but a catastrophic failure of analysis driven by cognitive dissonance. French military doctrine deemed the Ardennes “impassable” for tanks, leading the High Command to dismiss ample evidence—including aerial reconnaissance and warnings from Swiss intelligence—that the Germans were massing there. Trapped by “confirmation bias,” General Gamelin interpreted German moves as feints, focusing his attention on the diversionary attack in Belgium. This intellectual rigidity allowed the Wehrmacht to execute a high-risk logistical gamble, pushing huge armored columns through narrow roads unopposed, turning a geographical…

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